Off B’way’s Signature Theater gets $25 mil gift

Coin from Pershing Square extends low-price ticket initiative

Off Broadway’s Signature Theater has gotten a $25 million gift from the charitable org Pershing Square Foundation, with the funds to be put toward Signature’s ongoing low-price ticket initiative.

In return, Signature has named its about-to-open new multi-stage venue after the foundation, with the three-theater building now to be called the Pershing Square Signature Center.

It’s expected that the new coin will keep all ticket prices at the current $25 price tag for the next ten years, with a further decade of affordability-minded pricing to follow.

Signature is poised to open its new $66 million home in midtown Manhattan next week. Among the initial shows on tap at the venue are a revival of Athol Fugard’s “Blood Knot” and “Hurt Village,” the latest from scribe Katori Hall (“The Mountaintop”).